SPY - Head & Shoulders - Strong sell 20% correction Short

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Dec 22, 2021 1:18 PM

RSI indicator showing that SPY is overbought on the Weekly and Monthly chart.

We see a strong correction in the markets due the Omicron Covid Variant due to lockdowns in Europe and other parts of the world. Economic damage is already irreversible.

For educational purposes only.

Comments

UnknownUnicorn7245819

⋅ Dec 26, 2021 5:03 AM

A potential top is forming. It will take some time for either the upside or downside move to play out.